BTC is LONG position
BTC broke the last bearish divergence at 13 Jun as shown in the figure (the pink vertical line).
Trading volume was increased and its recent strong resistances (~8000, ~8350) were broken, so the first entrance could be 13 Jun. and it was confirmed after Jun 16. (by getting higher than AHT).
Indicators:
For RSI, their bearish divergence broke 16 Jun., so the trend was tired to change to be getting higher.
Today, MACD confirms its bullish trend by its golden cross.
OBV also shows strong buy volume compared to sell volume.
Anyway, from now, BTC is opened up to 10,000 even if we need to see the close price of today's candle.
After its small correction near 9000 support line, we can get long position and it will try to go up to 10000 resistance line.
Thank you for reading it and please like mine if you like :)
Trading volume was increased and its recent strong resistances (~8000, ~8350) were broken, so the first entrance could be 13 Jun. and it was confirmed after Jun 16. (by getting higher than AHT).
Indicators:
For RSI, their bearish divergence broke 16 Jun., so the trend was tired to change to be getting higher.
Today, MACD confirms its bullish trend by its golden cross.
OBV also shows strong buy volume compared to sell volume.
Anyway, from now, BTC is opened up to 10,000 even if we need to see the close price of today's candle.
After its small correction near 9000 support line, we can get long position and it will try to go up to 10000 resistance line.
Thank you for reading it and please like mine if you like :)
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